1. Estonia Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
Nordecon AS

Nordecon AS

TTAL:NCN1T
0.53
EUR
0.00
(0.00%)
0.09EPS
8.78P/E
17.22MMarket Cap
Nov 05Next Earn
Nordecon AS
TAL:NCN1T
(Nasdaq Tallinn)

Recent

price

0.53

P/E

ratio

8.78

div

yld

3.80%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
3.23
4.81
5.18
5.65
5.24
4.73
5.96
7.49
7.09
7.42
9.39
9.15
6.99
5.91
7.1
6.61
7.7
Revenue per Share
-0.41
-0.17
0.05
0.15
0.06
0.01
0.1
0.04
0.11
0.11
0.08
-0.2
-0.12
-0.03
0.12
-0.15
0.06
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.03
0.04
0.03
0.15
0.08
0.07
0.01
0.16
0.02
0.05
0.04
- -
0.02
Dividend per Share
1.05
0.86
0.91
1.06
1.13
1.12
1.17
1.08
1.03
0.99
1.1
0.82
0.75
0.7
0.84
0.7
0.72
Book Value per Share
0.54
0.37
0.42
0.59
0.65
0.65
0.69
0.6
0.55
0.51
0.61
0.33
0.25
0.22
0.35
0.22
0.24
Tangible Book Value per Share
31
31
31
31
31
31
31
31
32
32
32
32
32
32
32
32
32
Basic Weighted Avg Shares
99
148
159
174
161
146
183
231
223
234
296
289
220
186
224
208
243
Sales/Revenue/Turnover
-9.04
-3.2
1.63
3.47
2.21
2.49
2.23
0.5
1.35
1.75
1.16
-0.86
-0.26
-1.97
3.52
-0.04
2.47
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
1
1
- -
Depreciation Expense
-13
-5
1
5
2
- -
3
1
3
3
2
-6
-4
-1
4
-5
2
Net Income, GAAP
- -
- -
2.83
2.83
9.42
59.63
6.18
40.88
12.92
15.55
10.98
- -
- -
- -
9.83
- -
4.87
Effective Tax Rate (%)
-12.83
-3.59
0.93
2.67
1.21
0.12
1.66
0.6
1.51
1.44
0.83
-2.19
-1.66
-0.51
1.71
-2.21
0.83
Profit Margin (%)
18
9
5
1
1
1
9
7
7
1
1
-6
-11
-4
-4
-9
1
Working Capital
15
10
4
3
3
5
13
14
15
16
7
7
6
9
6
6
14
LT Debt
33
28
30
35
36
36
38
34
34
33
37
28
27
23
27
23
24
Total Equity
- -
- -
4.28
8.06
5.74
2.63
6.68
1.04
5.58
5.87
4.87
- -
- -
- -
15.62
- -
12.43
Return on Invested Capital (%)
- -
- -
3.54
9.2
4.13
0.85
4.89
2.36
5.91
5.85
2.88
- -
- -
- -
7.89
- -
8.6
Return on Capital (%)
-33.38
-18.12
5.45
15.36
5.81
0.52
8.64
4.02
10.43
10.87
7.67
-21.36
-15.17
-4.23
16.18
-19.49
8.33
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12
12
11
LT Borrowings
2
10
9
LT Finance Leases
3
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
31
31
Market Capitalization
21
18
17

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
82
87
98
Cash, Cash Equivalents & STI
6
4
7
Accounts Receivable, Net
40
28
33
Inventories
26
43
40
Total Current Liabilities
91
87
97
Payables & Accruals
- -
- -
- -
ST Debt
12
12
11
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.58%
-8.11%
-13.71%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
46.38%
-239.76%
-220.33%
Sales/Revenue/Turnover
5.16%
-5.69%
-6.99%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
46
69
64
45
224
2025
39
53
55
61
208
2026
52
75
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
0.05
0.07
0.01
0.12
2025
-0.02
0.02
0.06
-0.01
-0.15
2026
- -
0.01
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.04
2025
- -
- -
- -
- -
- -
2026
0.02
- -
- -
- -
- -
Similar Companies
Larsen & Toubro Limited (NSE:LT)
Engineers India Limited (NSE:ENGINERSIN)
Tekfen Holding Anonim Sirketi (BIST:TKFEN)
Enka Insaat ve Sanayi A.S. (BIST:ENKAI)
Quanta Services, Inc. (NYSE:PWR)
Sterling Infrastructure, Inc. (NASDAQ:STRL)
Business
Nordecon AS is an Estonia-based construction project management and general contracting group. Founded in 1989 and headquartered in Tallinn, Estonia, the company operates as a subsidiary of AS Nordic Contractors and is listed on the Nasdaq Tallinn Stock Exchange under the ticker symbol NCN1T. The company operates across two principal business divisions: Buildings and Infrastructure. Through these divisions, Nordecon AS offers comprehensive project management, engineering, and general contracting services; construction and renovation of commercial real estate, office complexes, shopping centers, and retail facilities; development of industrial buildings, logistics hubs, production plants, and warehousing facilities; construction of public infrastructure, educational institutions, healthcare centers, sports facilities, and cultural venues; development of residential apartment buildings and mixed-use complexes; road and highway construction, surfacing, and asphalt paving; year-round road maintenance and winter road care; specialist civil engineering, including bridges, viaducts, overpasses, and port facilities; environmental engineering, including landfill construction and rehabilitation; and utility network construction, including potable water supply networks, stormwater systems, and wastewater pipelines. The group executes projects across Estonia, Sweden, and Ukraine through key operating subsidiaries, including Tariston AS for road construction, infrastructure engineering, and machinery rental; Embach Ehitus OÜ for general building construction; Swencn AB for Swedish construction operations; and Eurocon Ukraine TOV for Ukrainian market activities. Its client base includes state transport and environmental agencies, municipal authorities, public institutions, corporate developers, industrial enterprises, logistics operators, and private real estate investors. In recent strategic and operational developments, Nordecon AS restructured its operating portfolio by divesting its 52% controlling stake in concrete specialist Nordecon Betoon OÜ to concentrate resources on general contracting and project management. The group also consolidated its infrastructure capabilities by merging wholly owned subsidiary Kaurits OÜ into Tariston AS. Nordecon and its subsidiaries have secured major strategic contracts across the Baltic region, including an alliance contract for specialized defense training infrastructure in Võru through Embach Ehitus, construction contracts for the Park Rae logistics park, the Tallinna Vesi operational center, the Tallinn Helen School complex, the Kotka Health Centre, the Seileri Kvartal mixed-use residential and commercial development in Pärnu, and multi-year public road maintenance contracts in Hiiu and Lääne counties. Furthermore, the group has integrated European Sustainability Reporting Standards (ESRS) into its operational and corporate governance frameworks to enhance environmental management and sustainable building practices.